Bank of Canada Says AI Has Not Replaced Workers on a Large Scale So Far

Ottawa, 13 May 2026 – The Bank of Canada said artificial intelligence has not yet caused widespread worker displacement, even as businesses and policymakers continue to assess how the technology will reshape employment, productivity and inflation over time.

Deputy Governor Michelle Alexopoulos said the central bank is closely monitoring labour-market developments as AI adoption expands, but current evidence does not point to large-scale job losses caused by the technology. Instead, AI is more likely to transform tasks within jobs while some roles disappear and new ones emerge.